GBPUSD Forecast
The GBPUSD had a bearish momentum last week on broad US Dollar strength after a strong US NFP number, bottomed at 1.5025. The bias remains bearish in nearest term testing 1.5000 – 1.4970 area. Immediate resistance is seen around 1.5090. A clear break above that area could lead price to neutral zone in nearest term testing 1.5150 – 1.5200 region but I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
